Zimmer Biomet Holdings Inc (NYSE: ZBH) on Tuesday, plunged -0.98% from the previous trading day, before settling in for the closing price of $109.47. Within the past 52 weeks, ZBH’s price has moved between $101.47 and $133.90.
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During the last 5-year period, the sales drop of Healthcare Sector giant was -1.20%. The company achieved an average annual earnings per share of 5.81%. With a float of $198.80 million, this company’s outstanding shares have now reached $199.60 million.
Let’s determine the extent of company efficiency that accounts for 18000 employees. In terms of profitability, gross margin is 66.29%, operating margin of 18.12%, and the pretax margin is 13.59%.
Zimmer Biomet Holdings Inc (ZBH) Breakdown of a Key Holders of the stock
Observing investor behavior towards Medical Devices industry stocks is more important than anything else. The insider ownership of Zimmer Biomet Holdings Inc is 0.14%, while institutional ownership is 92.81%. The most recent insider transaction that took place on May 31 ’24, was worth 1,474,582. In this transaction Group President, Asia Pacific of this company sold 12,857 shares at a rate of $114.69, taking the stock ownership to the 5,322 shares. Before that another transaction happened on Mar 07 ’24, when Company’s Group President, Asia Pacific sold 1,705 for $126.86, making the entire transaction worth $216,296. This insider now owns 18,179 shares in total.
Zimmer Biomet Holdings Inc (ZBH) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.81% per share during the next fiscal year.
Zimmer Biomet Holdings Inc (NYSE: ZBH) Trading Performance Indicators
Zimmer Biomet Holdings Inc (ZBH) is currently performing well based on its current performance indicators. A quick ratio of 0.70 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.84. Likewise, its price to free cash flow for the trailing twelve months is 19.63.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.25, a number that is poised to hit 2.30 in the next quarter and is forecasted to reach 8.58 in one year’s time.
Technical Analysis of Zimmer Biomet Holdings Inc (ZBH)
Looking closely at Zimmer Biomet Holdings Inc (NYSE: ZBH), its last 5-days average volume was 1.19 million, which is a drop from its year-to-date volume of 1.49 million. As of the previous 9 days, the stock’s Stochastic %D was 20.80%. Additionally, its Average True Range was 2.22.
During the past 100 days, Zimmer Biomet Holdings Inc’s (ZBH) raw stochastic average was set at 45.47%, which indicates a significant increase from 20.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.46% in the past 14 days, which was lower than the 24.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $107.47, while its 200-day Moving Average is $113.51. However, in the short run, Zimmer Biomet Holdings Inc’s stock first resistance to watch stands at $109.97. Second resistance stands at $111.55. The third major resistance level sits at $112.88. If the price goes on to break the first support level at $107.07, it is likely to go to the next support level at $105.74. Now, if the price goes above the second support level, the third support stands at $104.16.
Zimmer Biomet Holdings Inc (NYSE: ZBH) Key Stats
Market capitalization of the company is 21.58 billion based on 199,074K outstanding shares. Right now, sales total 7,394 M and income totals 1,024 M. The company made 1,824 M in profit during its latest quarter, and 249,000 K in sales during its previous quarter.
